Category Archives: Business Matters

Business Matters

Measures for compliance with the National Minimum Wage (NMW) and the new National Living Wage (NLW) announced

October 8th, 2015Business Matters, Generaldreamscape

New measures to enforce compliance with the National Minimum Wage (NMW) and the new National Living Wage (NLW) have recently been announced. The NLW was announced at the July 2015 Budget and is due to be introduced in April 2016. It will apply to workers aged 25 and above and will initially be set at … Continue reading Measures for compliance with the National Minimum Wage (NMW) and the new National Living Wage (NLW) announced →

No Hiding Place For People Creating False Accounts

July 3rd, 2014Business Matters, Generaldreamscape

A business lady in Northern Ireland found that there was no hiding place when her address was raided by HM Revenue & Customs. In February 2012 Donna Magee was found in a cupboard when her premises were raided and false VAT invoices, bank statements and computer records were found that had used to reclaim VAT … Continue reading No Hiding Place For People Creating False Accounts →

Directors liability – are you really protected?

June 6th, 2014Business Mattersdreamscape

Are you a director of a company? If so, do you assume you are protected by the limited company status? Are you sure this is the case even when dealing with the VATman? Under limited liability a director or investor is only liable for the money they have invested. For example, if a company is … Continue reading Directors liability – are you really protected? →

Do you know the VAT registration limit?

June 6th, 2014Business Matters, Taxation - Personaldreamscape

If you are in business but are not registered for VAT then, if you are turning over £1,400 each week or £6,000 each month, you must make yourself familiar with the registration limits as you could otherwise inadvertently incur a large liability. Whether you must register for VAT depends upon your turnover in any twelve … Continue reading Do you know the VAT registration limit? →

Fuel Reimbursement For Company Cars

March 31st, 2014Business Matters, Generaldreamscape

Company cars – advisory fuel rates from 1 March 2014 If an employer provides a car to an employee then a benefit in kind arises. A further benefit arises if the employer pays for the fuel that is used in the car. However, this second benefit can be avoided if an employer reimburses the employee … Continue reading Fuel Reimbursement For Company Cars →

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